YOU HAVE ARRIVED! Welcome to the popular Parkway West/Coles Run Manor neighborhood of Manassas! Here you will find 8326 Mineral Springs Drive, a former Model home. Upon entering the home, gleaming hardwood floors greet you as you walk throughout the main floor level. Spacious rooms with soaring ceilings accented by crown molding, chair railings, and professionally painted walls engulf you. The pride of ownership is quite evident. The gourmet kitchen features granite countertops, stainless steel appliances, center island with breakfast bar, gas burner cook-top, double oven, huge pantry as well as 42-inch cabinets, ceramic tile flooring, and recessed lighting. Adjacent to the kitchen is a light-filled Sunroom that leads to a Trex deck that’s perfect for entertaining, barbecues, quiet intimate cookouts, or just relaxing with the family. Upstairs you will find an opulent owner’s retreat with tray ceiling, sitting area plus an attached bath suite with his and her sinks, soaking tub, stall shower and massive walk-in closet. There are 3 other spacious bedrooms located on this floor. The lower level is fully finished boasting a large recreation room, 5th bedroom, full bathroom, ample storage space and walk-up stair access to the back yard. Other home features include, but are not limited to, monitored home security system, security screen door in lower level, lawn sprinkler system, and the entire home is wired for an audio system. Additionally, a Home Inspection was completed by a Licensed inspector and all recommendations were addressed. New Roof (2026), and a Radon Mitigation system was installed. Don't miss out. This community is located close to shopping, dining, and entertainment. With easy access to Route 28, Route 234, Prince William Parkway and the VRE, this home is perfect! Hurry, Hurry!
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
